Given a random sample size of n = 900 from a binomial probability distribution with P = 0.50 do the following: a. Find the probability that the number of successes is greater than 500. b. Find the probability that the number of successes is fewer than 430. c. Find the probability that the number of successes is between 440 and 480. d. With probability 0.10, the number of successes is fewer than how many? e. With probability 0.08, the number of successes is greater than how many?

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.